ZTOP vs. IBIC
ZTOP (F/m High Yield 100 ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - ZTOP is a High Yield Bonds fund tracking the Bloomberg U.S. High Yield Top 100 Quality Select Equal Weighted Index, while IBIC is a Inflation-Protected Bonds fund tracking the ICE 2026 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, ZTOP returned 5.91% vs 4.42% for IBIC. At a correlation of -0.14, they often move in opposite directions. ZTOP charges 0.39%/yr vs 0.10%/yr for IBIC.
Performance
ZTOP vs. IBIC - Performance Comparison
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Returns By Period
In the year-to-date period, ZTOP achieves a 1.73% return, which is significantly lower than IBIC's 2.43% return.
ZTOP
- 1D
- 0.02%
- 1M
- 0.36%
- YTD
- 1.73%
- 6M
- 2.05%
- 1Y
- 5.91%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBIC
- 1D
- 0.04%
- 1M
- 0.12%
- YTD
- 2.43%
- 6M
- 2.57%
- 1Y
- 4.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZTOP vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ZTOP F/m High Yield 100 ETF | 1.73% | 8.06% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.43% | 2.28% |
Correlation
The correlation between ZTOP and IBIC is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.16 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2025 | -0.14 |
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Return for Risk
ZTOP vs. IBIC — Risk / Return Rank
ZTOP
IBIC
ZTOP vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for F/m High Yield 100 ETF (ZTOP) and iShares iBonds Oct 2026 Term TIPS ETF (IBIC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ZTOP | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.20 | ||
| Sortino ratioReturn per unit of downside risk | -6.30 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 2.22 | -0.87 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 16.56 | -14.21 |
| Martin ratioReturn relative to average drawdown | 10.65 | 58.67 | -48.02 |
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Drawdowns
ZTOP vs. IBIC - Drawdown Comparison
The maximum ZTOP drawdown since its inception was -2.52%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for ZTOP and IBIC.
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Drawdown Indicators
| ZTOP | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.52% | -0.90% | -1.62% |
Max Drawdown (1Y)Largest decline over 1 year | -2.52% | -0.27% | -2.25% |
Current DrawdownCurrent decline from peak | -0.23% | -0.08% | -0.15% |
Average DrawdownAverage peak-to-trough decline | -0.29% | -0.10% | -0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 0.08% | +0.48% |
Volatility
ZTOP vs. IBIC - Volatility Comparison
F/m High Yield 100 ETF (ZTOP) has a higher volatility of 0.83% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.17%. This indicates that ZTOP's price experiences larger fluctuations and is considered to be riskier than IBIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZTOP | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.83% | 0.17% | +0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 2.65% | 0.67% | +1.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.33% | 0.89% | +2.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.47% | 1.56% | +1.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.47% | 1.56% | +1.91% |
ZTOP vs. IBIC - Expense Ratio Comparison
ZTOP has a 0.39% expense ratio, which is higher than IBIC's 0.10% expense ratio.
Dividends
ZTOP vs. IBIC - Dividend Comparison
ZTOP's dividend yield for the trailing twelve months is around 6.27%, more than IBIC's 3.58% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 3.58% | 4.43% | 4.65% | 0.83% |
ZTOP F/m High Yield 100 ETF | 6.27% | 4.39% | 0.00% | 0.00% |
Frequently Asked Questions
ZTOP and IBIC have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ZTOP has higher volatility (0.83%) compared to IBIC (0.17%). In terms of maximum drawdown, ZTOP dropped -2.52% vs IBIC's -0.90%.
On 1-year performance, ZTOP leads with 5.91% vs 4.42% for IBIC. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ZTOP has performed better with a 5.91% return vs 4.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIC is cheaper with a 0.10% expense ratio, compared with 0.39% for ZTOP.
ZTOP has the higher dividend yield at 6.27%, compared with 3.58% for IBIC.
ZTOP is categorized as High Yield Bonds, while IBIC is Inflation-Protected Bonds. ZTOP tracks Bloomberg U.S. High Yield Top 100 Quality Select Equal Weighted Index, while IBIC tracks ICE 2026 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: F/m Investments and iShares. Their fees differ too: 0.39% for ZTOP and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (4.99 vs 1.79), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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